The highest Federal tax bracket is 35%, so the Federal tax will be somewhat less than that -- just under 33% if you're single and have no dependents. Add 4.35% for MI income tax. Rounding off, you'll be looking at a net tax rate of around 37% total. That would leave you with about $630,000 for yourself.

DO you mind if I thread jack for a bit? I know a grown woman that lost her job, her dh lost his too. They had 2 kids under 4 & 2 in their teens. She didn't have a way to pay for everything & fell way behind in her rent. She started asking ppl for money. Do you think that was the right thing to do since she cant pay it back? I think she should just move back home & stop borrowing from peter to pay paul

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